Currently, CVRx Inc [CVRX] is trading at $15.31, up 0.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CVRX shares have gain 13.24% over the last week, with a monthly amount glided 42.55%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
CVRx Inc [NASDAQ: CVRX] stock has seen the most recent analyst activity on September 10, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $14. Previously, Lake Street reaffirmed its Buy rating on July 11, 2024, and dropped its price target to $12. William Blair downgraded its rating to a Mkt Perform. JP Morgan downgraded its rating to a Neutral and reduced its price target to $13 on May 01, 2024. Lake Street started tracking with a Buy rating for this stock on January 31, 2023, and assigned it a price target of $20. In a note dated July 18, 2022, Craig Hallum initiated an Buy rating and provided a target price of $15 on this stock.
This stock has fluctuated between a low of $6.40 and a high of $33.13 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $16.33 within the next 12 months. CVRx Inc [NASDAQ: CVRX] shares were valued at $15.31 at the most recent close of the market. An investor can expect a potential return of 6.66% based on the average CVRX price forecast.
Analyzing the CVRX fundamentals
Trailing Twelve Months sales for CVRx Inc [NASDAQ:CVRX] were 47.26M which represents 27.23% growth. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -1.25%, Pretax Profit Margin comes in at -1.23%, and Net Profit Margin reading is -1.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.46, Equity is -0.89 and Total Capital is -0.5. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.92 points at the first support level, and at 14.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.69, and for the 2nd resistance point, it is at 16.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CVRx Inc [NASDAQ:CVRX] is 11.32. Also, the Quick Ratio is 10.23, while the Cash Ratio stands at 9.15. Considering the valuation of this stock, the price to sales ratio is 7.86, the price to book ratio is 5.68.
Transactions by insiders
Recent insider trading involved VERRASTRO PAUL, CHIEF MKTG & STRAT OFFICER, that happened on Nov 19 ’24 when 1430.0 shares were sold. Officer, PAUL VERRASTRO completed a deal on Nov 19 ’24 to buy 1430.0 shares. Meanwhile, Officer Behbahani Ali bought 9.0 shares on Nov 18 ’24.
